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Al Ruzmah Corporate Card

The Al Ruzmah Corporate Card can be loaded or reloaded through:

  • FAB Cash Deposit Machines (CDMs)
  • FAB iBanking and Nafura (available soon)
  • Distribution channels (available soon)
  • MBME Kiosks
  • The UAE Funds Transfer System (UAEFTS)

Highlights:

  • Card cost: AED 30 (deducted from the first load)
  • Corporate cards require KYC/KYB (Know Your Customer/Know Your Business) registration, no bank account required
  • Five-year validity
  • Maximum card balance of AED 2,500,000

Loading/Reloading Fees:

  • FAB Cash Deposit Machines (CDMs): AED 10*
  • MBME Kiosks: AED 10*
  • Distribution channels: AED 10* (available soon)
  • FAB iBanking: AED 5* (available soon)
  • FAB Branch and Nafura (available soon): AED 25*
  • UAE Funds Transfer System (UAEFTS) : AED 5*

Cards can be purchased/applied for through:

  • Magnati offices and FAB RAK branches
  • FAB’s website (www.bankfab.com)
  • FAB iBanking (available soon)

The Al Ruzmah Corporate Card includes the following features:

Maximum card balance Maximum load amount Maximum reload amount per transaction at FAB CDMs Maximum reload amount per day at FAB CDMs Maximum reload amount per month at FAB CDMs
AED 2,500,000 AED 2,500,000 AED 75,000 AED 75,000 Unlimited

Cash withdrawal:

Cash withdrawals are not permitted for corporate cards.


Eligibility:

Available to all UAE registered companies.


Documents required for the Al Ruzmah Corporate Card:

  • Completed Al Ruzmah Corporate Card Application Form
  • Valid Emirates ID (front and back)
  • Company Trade Licence/registration document
  • Certificate of Incumbency (if applicable)
  • Proof of address
  • Official company letter
  • Power of Attorney (POA)/Board Resolution
  • Memorandum/Articles of Association (if applicable)
  • Completed FATCA Entities Form
  • Company bank statement (three months)

Prepaid card balance refunds:

The balance amount may be refunded at FAB ATMs (if the cash withdrawal feature is available) or you may request a refund at Magnati offices. Please note that incomplete refund requests cannot be processed.


*All the above charges are exclusive of 5% VAT.

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